Wilmington Savings Fund Society FSB Purchases New Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Wilmington Savings Fund Society FSB purchased a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,370 shares of the company's stock, valued at approximately $801,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in Liberty Latin America during the 3rd quarter valued at about $55,000. Quantinno Capital Management LP purchased a new position in Liberty Latin America during the third quarter valued at approximately $125,000. Algert Global LLC acquired a new position in Liberty Latin America in the 2nd quarter valued at approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Liberty Latin America by 29.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company's stock worth $132,000 after buying an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Liberty Latin America in the third quarter worth $187,000. Institutional investors and hedge funds own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LILAK shares. Scotiabank cut their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group decreased their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, December 4th.

Insider Activity

In related news, Director Brendan J. Paddick purchased 5,053 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of $6.93 per share, with a total value of $35,017.29. Following the purchase, the director now directly owns 1,343,021 shares in the company, valued at $9,307,135.53. This represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 106,298 shares of company stock worth $735,327. 9.66% of the stock is currently owned by corporate insiders.

Liberty Latin America Stock Performance

LILAK stock traded down $0.07 during trading on Monday, reaching $6.60. 1,332,362 shares of the stock were exchanged, compared to its average volume of 1,003,019. The stock has a 50 day simple moving average of $8.14 and a 200-day simple moving average of $8.99. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $1.30 billion, a P/E ratio of -2.25 and a beta of 1.04. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $10.93.

Liberty Latin America Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.